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OUTPUT TC ($) 0 200 5 250 15 300 20 350 23 400 25 450 Refer to the information above to answer this question. If

OUTPUT TC ($)

0 200

5 250

15 300

20 350

23 400

25 450

Refer to the information above to answer this question. If total variable cost decreases by 20% at all levels of output, what is TVS when output is 15?

a. $160

b. $120

c. $40

d. $80

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